Why Investing in Gold Coin is A Good Idea?

Gold is not merely admired as an ornament but the metal is also a popular form of investment. There’s something very beneficial and robust about investing in gold coins. Are you someone who wants to buy gold coins for investing? Or perhaps just as a hobby? Then this post is of valuable guidance for you.

Read on and get inspired!

Advantages of Gold Coins

Gold has always been a conventional part of traditional investment plans.

Here’s why:

• Gold is an ideal hedge against inflation.
• It is a simple and convenient way to diversify your investment portfolio.
• Easy to store and requires low maintenance.
• Gold is highly liquid asset.
• There is robust global market demand for gold.
• Some of the gold funds are treated as non-equity product from the tax perspective.
• You are not required to pay capital gains until you sell it.
• Gold has no counterparty risk.
• Gold provides you with massive profit potential.
• Most importantly, no special skills or expertise is required to buy gold.

Why people invest in gold?
It’s common and even prudent for an investor to wonder if gold is worth the investment or not. The prominent factor that contributes to gold investment is liquidity. One of the common reasons people tend to invest in gold is that gold is simply ingrained in some cultures as a form of saving and wealth, whilst in other countries and for other individuals, it’s more about hedging. As you can see, there are many avenues to make a gold investment. The safest and indeed affordable gold investment over the long run is to simply buy the gold bullion coins.

How to buy and keep gold coins?
If you have decided to buy gold coins, then I would recommend you to buy from a renowned dealer or an elite financial institution.

Physical gold contains the possibility of depreciation due to several changes such as level of gold purity, making charges, and theft. So, the great way to invest in gold is through FOFs (funds of funds) and gold ETFs.

Today, gold is a powerful investment tool and its strongest benefit is that it protects you in the times of crisis.

In an era of an elevated risk on multiple fronts, gold proffers lower risk and higher safety.

Until we come up with the next post, have a great time!

Tips to Buy Gold Bullion bars/Coins

Among the several ways to invest in gold like gold stocks, exchange traded funds; the simplest way is to buy physical gold or bullion. Though what is the best way to invest in bullion? Have a look at the options mentioned below.

What should you buy – bars or coins?
Bullion can be bought mainly in two forms – bars or coins. Gold coins allow you to be more flexible over bars as it is easier to sell 10% of your gold coins if you have 20 gold coins rather than the entire gold bar. Though if you wish to make an investment in sizeable amount than gold bullion bars will make more sense.

How to Buy?
If you are planning to buy gold coins or bars cost is the key thing to consider. Dealers of gold make the most out of their money by buying for less and selling at higher rates than the market price. The difference though depends widely on the type and quality of bullion you buy as well as who you purchase it from & the state of current demand and supply.

You will get worst deals from gold vending machines and the bars now popping up in the shopping centres.

Hong Kong is acknowledged widely as the cheapest place to buy gold coins. Queens’s road at central district in Hong Kong has some of the well known banks such as HSBC who provide coins for as low as 0.2% over the premium. If you are in UK, don’t wish to travel all the way to Hong Kong, the best option for you is to buy from established European or British dealers. It’s better to transact with large and well known firms with good track record.

Buy gold online and get a secured store
The main problem that comes with buying physical gold is that you have to look after it and store it securely. There is a great alternative for this very problem and that is to buy gold bullion online through a reputed website and instead of taking the delivery get it stored conveniently for you. One of the best known is Bullion for Less. It offers the free secure storage for 1 Year on all your purchases through the website. All you have to do is select the 'Storage' option while placing the order. It carries out a regular audit of its holdings and also lets you take the physical delivery of your purchase if you wish so.

Successful investment is about the management of risk and diversification. It makes sense to have a part of your wealth invested in gold.